HR Newsletter: 8/26/21
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.
The IRS has updated its frequently asked questions on employer tax credits under the Families First Coronavirus Response Act. This Legal Update addresses the revisions to the FAQs.
Under the Affordable Care Act (ACA), Applicable Large Employers (ALEs) are vulnerable to one of two potential employer shared responsibility penalty assessments. The “Subsection (a) Penalty” applies where the ALE fails to offer minimum essential coverage to at least 95% of its full-time employees (and their dependents) and at least one full-time employee qualifies for a premium subsidy. Alternatively, the “Subsection (b) Penalty” applies where the employer meets the 95% offer threshold but fails to offer minimum value, affordable coverage to a full-time employee and that employee then qualifies for a premium subsidy. Ensuring an offer of coverage is affordable, then, is critical to avoiding the Subsection (b) Penalty.
The Department of Labor (DOL) has released a new model Children’s Health Insurance Program (CHIP) Notice for employers, with information current as of July 31, 2021. The notice is updated periodically to reflect changes in the states that offer premium assistance subsidies and the contact information for those states. Plan sponsors of group health plans should begin using this updated information.
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week's edition.